Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange on June 12, 2024.Brendan McDermid | ReutersGameStop shares are set to give back much of Wednesday’s rally after the video game retailer announced plans to raise debt to buy bitcoin.The meme stock tumbled more than 7% in premarket trading Thursday, following an almost 12% rally the previous session. The reversal came after the video game chain announced plans to raise $1.3 billion through the sale of convertible senior notes due in 2030 to buy bitcoin.On Tuesday, the GameStop board unanimously approved a…
Author: usaeverydaylife
The border wall is shown in a background as a semi-truck carrying Toyota trucks crosses a bridge after clearing U.S. Customs while entering the United States from Mexico along the border in San Diego, California, U.S., March 4, 2025. Mike Blake | ReutersAuto stocks are digesting President Donald Trump’s announcement that he would place 25% tariffs on “all cars that are not made in the United States,” as well as certain automobile parts.Trump’s administration had been telegraphing plans to put tariffs on the auto industry, but the effect of those moves and mechanism for enforcement are starting to take shape. Trump said the…
Prime Minister Benjamin Netanyahu’s coalition enacted legislation on Thursday that handed politicians more control over picking judges, part of a contentious effort to overhaul the Israeli judiciary that roiled the country before the war with Hamas. Israel’s 120-seat Parliament passed two laws after an hourslong overnight debate, in a vote mostly boycotted by the opposition. The legislation revamps the committee that picks judges, including Supreme Court justices, in a way that critics say will politicize the bench. The law marked the resumption of a two-year effort by Mr. Netanyahu’s coalition to expand its control over other branches of government. Before…
Check out the companies making headlines in premarket trading: Auto stocks — Shares of major automakers dropped after President Donald Trump announced a 25% tariff on all cars not made in the U.S. that will go into effect next week. General Motors slid more than 6%, while Stellantis lost 1%. GameStop — The video game retailer fell 7% in premarket trading, set to give back some of the 11.7% rally seen in the previous session. The decline came after the company announced plans to raise $1.3 billion in debt to buy bitcoin. Earlier this week, GameStop said its board has…
Here are Thursday’s biggest calls on Wall Street: Wolfe upgrades Equinix to outperform from peer perform Wolfe said the macro weakness could benefit data centers for the digital infrastructure company “With this report, we are upgrading Equinix Inc. (EQIX) to Outperform from Peer Perform.” Morgan Stanley upgrades Liberty Energy to overweight from equal weight Morgan Stanley said the energy company is a data center beneficiary. “Earnings prospects for LBRT’s new Power Generation Services (PGS) business and the value that these investments create seem underappreciated, in our view.” Bank of America reiterates Nvidia as buy The firm said Nvidia shares are…
Donald Trump is greeted by traders as he walks the floor of the New York Stock Exchange on Dec. 12, 2024.Alex Brandon | APStock futures were little changed Thursday morning as investors weighed the latest tariff-related news from President Donald Trump, including his new tariffs aimed at foreign automakers. Futures tied to the Dow Jones Industrial Average rose 8 points, hovering just above flat. S&P 500 futures shed nearly 0.2%, while Nasdaq-100 futures dropped about 0.3%.Trump has long discussed imposing duties on countries that have their own tariffs on U.S. imports and said on Wednesday that his retaliatory tariffs will…
Sompo Holdings, a leading global insurance provider, is undergoing a significant transformation under. CNBC’s Christine Tan sat down with Group CEO Mikio Okumura in this episode of “Managing Asia.”Sompo Holdings, a leading global insurance provider, is undergoing a significant transformation under Group CEO Mikio Okumura.The company, with operations in 28 countries, has restructured into two main segments: Sompo Property and Casualty (P&C) and Sompo Wellbeing.”The integration between Sompo Japan, Sompo International, we hope they can improve resilience. They can utilize balance sheets wisely, so they can improve risk-taking capability,” Okumura told CNBC’s Christine Tan in the latest episode of Managing…
There are “no quick fixes” to Tesla’s problems, according to HSBC. Analyst Michael Tyndall reduced his price target on shares by $35 to $130. His new forecast suggests 52.2% downside potential for the stock from Wednesday’s close. “The seeds for the current sales weakness pre-date the recent brand issues,” Tyndall, who has a reduce rating on the stock, wrote in a note to clients Thursday. Tesla’s aging products with limited driving assistance technology have pressured the company in the China market, according to Tyndall. Meanwhile, the electric vehicle maker has struggled with European fleet buyers, which constitute 60% of the…
U.S. President Donald Trump’s tariff policies are making the path ahead for European Central Bank interest rates “more complicated,” according to Pierre Wunsch, member of the ECB’s Governing Council.”We were going in the right direction. And I was actually quite relaxed,” he told CNBC’s Karen Tso on Thursday on the sidelines of the IIF Europe Summit in Brussels.”If we forget tariffs …. we were going in the right direction. Then the question was more a question of fine tuning of the pace of cuts and where we land,” Wunsch said. “I was like, you know, inflation might be the boring…
South Sudan’s Vice President Riek Machar has been arrested, according to his party, amid escalating tensions in the world’s youngest country that the United Nations warned could blow up a fragile peace deal and has pushed the country back to the brink of civil war.Mr. Machar was detained late on Wednesday by the National Security Service, his acting press secretary, Puok Both Baluang, said. The Sudan People’s Liberation Movement In Opposition, Mr. Machar’s political party, said the country’s defense minister and the chief of national security “forcefully entered” Mr. Machar’s residence alongside an armed convoy, disarmed his bodyguards and “delivered…
